Bolivia - 2nd USA diplo told to get out for another US subterfuge.
China - Not amused with West's screwing around with its oil wells in Sudan by issuing a warrant for Sudan prez arrest.
- Runs USA Navy ship out of its waters.
- Car sales up 25%.
Ecuador - Builds up troops on Colombian border, as Colombia keeps terrorist attacks into Ecuador. Ecuador hasn't had diplo ties with Colombia since last year when Colombia killed 25 in Ecuador. Sidenote: Colombia is a US stooge, bought for some 6B USD, Bush II "success", a little US drug traffic corridor. USA is hard at trying to push Colombia into terrorising and destabilising the non-US movements in Bolivia, Ecuador, and, of course chiefly, Venezuela.
EU - The 16 Euro states bullied into the Brussels common monetary dictate now feature neither export nor foreign investment and besides shriveling econs can only boast mounting debt obligation. Much like USA concentration camps best reflect USA future, the recently EU secretive plan to save Eurozone speaks volumes about the imminent and unavoidable EU prolapse.
- EU central wank justifies laughable rate cut to 1.5% by the eurozone rate of shriveling exceeding worst fears.
- Bullying Belarus not to recognise Abkhazia and S Ossetia. Fancy that! EU didn't have a problem invading Serbia, stealing Kosovo, and "recognising" that, did they?
France - Guadeloupe strike goes on despite Paris promises.
- La Reunion strikes begin.
- Martinique revolt escalates to Molotov cocktails and shots. It's becoming obvious that Paris won't be able to meet the demands of its colonies.
Georgia - Builds up troops on S Ossetia border.
- Imports weapons from Israel and France. Out of stooges in the region, it looks like the West wants to sic the same sick dog on Russia again.
Germany - DAX (German market) firms get 145B USD gift to forestall their embarrassing prolapsing.
- Steel production down 36%/annum so the superpeople shut down 1 of 4 furnaces to save cash. Just don't forget to turn the lights off.
- 700K pretty workers in Feb go on "short time", West new euphemism for wage cuts.
- Car export down 20% in 4Q08.
- Tells Sudan that it must obey the EU arrest warrant. This just for fun to highlight the West delusional self-image.
- Lufthansa down 64%.
- Another bankrupt West bank, HRE mortgage bank, immediately needs 10B EUR. No problem, just print it up.
- 17 dead in a 11Mar school shooting in Winnenden.
Greece - Revolt still on as the recently West celebrated attack on Citibank wasn't really foiled but just postponed.
India - Car sales up 22%. That's UP! So China growth up, China car sales up, Russia growth up, Iran and N Korea having own satellites and lifting capability... etc. Where does this leave the pretty ubermensch continent suffering one embarrassing shriveling and war defeat after another as the unstoppable rigormortis gangrenes its painful prolapse virus through all the West veins? Is that why the bitter West christianics are taking it out on the kids in Palestine, Afghanistan, Iraq, and their concentration camp captives? The thing is that the West populace, beside having lost everything material, is now gambling to lose all Freeworld's mercy. But, that's their choice.
Iran - Shows off a air2surface missile aimed to stop all traffic through Hormuz, the most vulnerable spot on the West oil jugular.
- USA fails yet again to stop another Russian arms deal. As S-300 batteries get delivered to Iran, Moscow reminds teeth-gnashing USA that missiles are "defensive" and therefore in accordance with int'l law. This scenario has repeated several times in the last few years.
Isreal - All UN resolutions, int'l treaties, even US "public" admonition, and human morals are violated as Israel destroys Palestinian mosques and homes in West Bank increasing its illegal land theft.
- Mines West Bank quarries. Is the Int'l Court, run by white pretty saxons that carved Israel into the flesh of Palestinian children, even remotely concerned over this blatant int'l violation? Not in the least. Instead it wants Sudan prez for not giving Sudan oil to the West. Like West media, West int'l court is no more than just another West war dept, isn't it?
- As UN fails to stop Israel crimes, people take matters into own hands: Denmark had a Israel boycott day; Stockholm cancels deal with Israeli transport firm; 6 Norwegian unions call for end of investment in Israel and boycott of goods; Italy's union with 360K members call for war crime trials for Gaza genocide of 2008/09; Turkey consumer association boycotts Israeli, UK, and USA goods; Mauritius workers call for dumping of Israeli goods; Canadian universities boycott Israeli goods and call for educating on Israeli apartheid.
- Attacks on Gaza continue with Mar 6 strike.
Japan - Market dips to 26 yr low, losing 20%.
- Turns out 4Q08 estimates were too optimistic. Japan likely to have shriveled 15%.
- Export shriveling at 10% each MONTH now.
- But not all is a-shriveling. Corporate bankruptcies, for one, are up 10%.
- Fire breaks out in a nuke plant. Tokyo vows no radioactive leak. Perhaps less invective abroad and more diligence at home there, huh, Tokyo?
Kyrgyzstan - After kicking USA out, boots Australian, Denmark, Italy, Spain, S Korea, Holland, Norway, NZ, Poland, Turkey, and France, the whole damn West.
Mexico - Blames USA corruption and insatiable drug appetite for drug war. USA is getting physically involved in Mexican domestic policies.
North Korea - Tells USA, Japan, and S Korea: touch our satellite and get smacked on your own turf.
Russia - Beefs up military on Black Sea, deploying Bulava ICBMs. Sidenote: Bulava has some 5MT tonnage, that's about 200 Hiroshimas; a range of 8K km, that's delivery to virtually anywhere; and carries 10 separate nukes to flummox defence. Each sub carries 16 of them and Russia commands some 300 subs. Now, mind you this data is estimates only since these matters may be somewhat sensitive. But still that's some near 1M Hiroshimas delivered anywhere just from Russian subs. Add another few thousand nukes in silos and bombers and multiply that at least by two to account for Obama's toys and you'll get why Muslims are waiting for Mahdi, Christians for Jesus, and the scientifically-bent for green aliens or planet Niburu to whisk them far far away from this deeply flawed solar system.
- Builds military base with 4K troops in Abkhazia just so that West doesn't get any wrong ideas.
- Ship orders triple and new shipyard on the Baltic underway. That's the liquid market expanding.
Spain - Bank of Spain begins moaning. This right after Brussels announced some secretive plan to save Eurozone. Watch for increased moaning from the 16 euro captives as Brussels need to maintain the eurozone gives them leverage.
- Housing down 35% in 4Q08.
Sri Lanka - Governance crush of Tamil separatist movement continues as hundreds are murdered and tens of thousands displaced in the northeast.
- Demonstration in London against UK blind eye to the current atrocities.
Switzerland - Fissure within Holy Roman Empire appear. UBS bank refusing to give "all" account info to USA. The entire Swiss banking/economy hangs on a thread. Watch Vatican gnash teeth and fall out of favour with West war royalty and vice versa.
- UBS bank posts 21B CHF loss, bigger than previously "estimated".
Turkey - Senses opportunity to squeeze cash out of the desperate USA. It offers the Kyrgyz-made homeless US troops a temporary lean-to and having a word with Iran on USA behalf. By funny turn of events, USA defeat in Afghanistan lands Washington in an unsavoury position of having to ask help from neighbouring Iran.
UK - UK folks take up a 260B GBP collection for another prolapsing wank. This time it's Lloyd.
- 20% of GDP now goes to "bailouts". One more time: one of every five sterlings UK somehow manages to make goes to bankers. Why not? After all, the West banks have only squandered the deposits in "derivatives", a West euphemism for war investment.
- UK loss of morals finalised as insane torture -- thus far only known from Hitler's Germany -- is exposed in gruesome details. Apparently, UK nationals, though London still repeats UK does NOT condone torture, cut a captive's penis some 30 times with blades in one of USA concentration camps during one of the many tortures meted out by this "civilised", "democratic", "freedom loving", "peace keeping" West nation.
- It turns out that there's been a 1T run on UK banks in the last 10 months. That's right, the West bankers have pulled out of UK before the torture-happy island is left to it like Iceland.
- Housing down 18% in just one month.
- Bank of England, after cutting rate to silly 0.5%, cuts out the middleman and takes up money printing. The idea is to flood UK econ with another 150B GBP. Now, an institution that doesn't lend cash, pays nothing for deposit, and legally prints cash couldn't be mistaken for a bank so the West also needs also update its badly obsolete word definitions.
- Northern Ireland re-awakes as Brit forces get attacked and 2 killed.
Ukraine - Antes up and keeps gas flowing to the hungry EU. The important thing here the wonderful vulnerability of EU supply.
USA - Running into slight accounting issues: Obama sets out to "save" the plunging stocks and realty (markets worth near 40T), with 2T deficit on its 14T GDP. Now, if USA stopped eating, driving, and slurping up CNN crap today, it'll still never add up! On the upside, US populace, not on friendly footing with numbers, is unable to find holes with this "plan".
- GE, despite of zillions of free cash, still goes bust so now USA lets the prolapsed firm issue bonds on its behalf. Let's take this in stages, shall we, cause this is truly some amazing stuff. This means that USA is issuing governance bonds, or let's call it what it is: TAKING A LOAN at 2% and gives the cash to GE. This means that the US baboon has just given another mortgage with monthly obligations and principal repayment for the smart GE executives. And the frosting here is that despite GE's horrendous prolapse and 80% stock devaluation, the bonds are rated AAA, highest rating possible.
- Obama's additional 17K troops in Afghanistan isn't doing the trick. USA admits defeat and offers Taliban a pathetic plea. But didn't Bush II say that it's terrorist to deal with terrorists? The unraveling ultimate farce here is that USA needs Iran's help to try stabilise Afghanistan. Watch Washington get a whiplash in this contradicting diplomacy.
- Sidles up to Libya trying to sell some guns. But didn't Bush II say that dealing with terrorists... oh never mind.
- 4Q08 GDP shrivels 6% exactly matching EU shriveling, or is EU matching USA?
- Sheds 25K jobs each DAY now.
- Banks drink some 140B USD each DAY now! Sidenote: 1 yr ago this was 25B; end of summer it was at 55B; end of 2008 it was at 90B; beginning of 2009 it jump to 120B. Nice trend, isn't it? Looks like trillions of bailouts aren't working after all.
- Admits to 20M unemployed, some 8+% rate. But mind two caveats here: 1) USA reports unemployment benefits NOT unemployment; and 2) USA minimum wage is 6.55 USD per hour so even though officially counted as "employed", tens of millions in USA are effectively starving.
- 31M on food stamps now.
- AIG zillion bailout secret now as the firm just gets a blank check to make up cash as it needs.
- Citibank shares dip below 1 USD. This cannot make the Saudi prince, the owner who got the majority of the title in Jan08 for springing the bank out of trouble then, all that jolly. Watch for more hurried USA realty concession to Saudi Arabia, OPEC renewing its threat to go for Euro, or both.
- Massachusetts solves the prolapse by deploying 9000 one arm bandits everywhere. They figure privitising lottery will bring in 900M/yr. Even if the scheme was free to implement, considering Massachusetts banking requires 10B/month, it's still 100X short. And this does not account for additional 13B liability in the state's health care and other outlays.
- Virginia bans Barbie-Doll for it taunts the USA populace with its pretty looks. How about a little rubber baboon?
Venezuela - Gives US-run Colombia a warning if it keeps up incursions into its neighbouring states. Vows not to let Colombia, a US-stooge, become "Israel of South Am".
- Takes over Irish tree farm.
- Takes over USA-owned food firm rice mill and threatens to take the whole damn firm if USA food-profiteering doesn't stop.
- Makes deal with Russia to develop gold mines.
- Visa-free travel with Russia.
Hugo Chavez aptly summarises: "...the capitalist model and its perverse values have failed" and invites USA to ally with Venezuela against the capitalist evil.
...to be cont'd as it all piles up.
44 comments:
I'm a newcomer to this site and, much to my surprise, I found parts of it breathtakingly exact. So perhaps you'll be able to tell me what you think of journalist David Gordian's recent contention that the US is upping the ante with Africom's new adventures and with forces moving further afield into S. Lanka and B'Desh. About last-named, we heard something about a mutiny story. And then that faded out as well. I can't think of anyone else who might know answers to such questions. Long life and prosperity to your blog.
Now it is above board to say this without fear of ridicule: USA baboons under the thumb of Israel.
"The chairman-designate Charles W.Freeman of the US National Intelligence Council declines to take the post citing the Israeli grip on Washington as a reason."
Freeman: US run by Israeli Lobby
http://www.presstv.ir/detail.aspx?id=88235§ionid=3510203
informatron
Look, this is how the mainstream are trying to have their cake and eat it too:
Messages are mixed on China's economy
By KEITH BRADSHER
"
Exports plunged by a record 25.7% last month, but investment spending surged as the Chinese economic stimulus program took hold." Today's IHT. Of course exports have slipped now that the US is less able to buy from China. And, thank god for that. Otherwise, China will be saddled with even more of those nil-value papers called treasury bonds. So, all in all, your analysis above holds and the Am shill as usual is just wasting paper and ink.
Shooting sprees in Alabama and a Stuttgart area school. Any link? Sometimes it appears to be mass-media engineered. Tightening of the gun laws so the police state can openly declare itself?
Hero Chavez would make a terrific blogger. He's definitely got the gift of the pithy phrase. You didn't say: Did America by any chance take him up on his kind offer?
For Informatron
You are right to feel respect for Charles Freeman, one of the rare good and fearless men among those running the USA today. Below is a lengthy passage taken from his article, The Tactics of the Israeli Lobby.
"The libels on me and their easily traceable email trails show conclusively that there is a powerful lobby determined to prevent any view other than its own from being aired, still less to factor in American understanding of trends and events in the Middle East. The tactics of the Israel Lobby plumb the depths of dishonor and indecency and include character assassination, selective misquotation, the willful distortion of the record, the fabrication of falsehoods, and an utter disregard for the truth. The aim of this Lobby is control of the policy process through the exercise of a veto over the appointment of people who dispute the wisdom of its views, the substitution of political correctness for analysis, and the exclusion of any and all options for decision by Americans and our government other than those that it favors.
There is a special irony in having been accused of improper regard for the opinions of foreign governments and societies by a group so clearly intent on enforcing adherence to the policies of a foreign government – in this case, the government of Israel. I believe that the inability of the American public to discuss, or the government to consider, any option for US policies in the Middle East opposed by the ruling faction in Israeli politics has allowed that faction to adopt and sustain policies that ultimately threaten the existence of the state of Israel. It is not permitted for anyone in the United States to say so. This is not just a tragedy for Israelis and their neighbors in the Middle East; it is doing widening damage to the national security of the United States.
The outrageous agitation that followed the leak of my pending appointment will be seen by many to raise serious questions about whether the Obama administration will be able to make its own decisions about the Middle East and related issues. I regret that my willingness to serve the new administration has ended by casting doubt on its ability to consider, let alone decide what policies might best serve the interests of the United States rather than those of a Lobby intent on enforcing the will and interests of a foreign government."
No equivocation, forceful and totally true.
to 13:05 (on Africom)
i did a 'understanding africa' article... it's just a draft so far cuz i'm very inefficient. so i'll finish that and post it. that tries to make sense of the several ongoing war zones there and how the west vampire has had its fangs in the mighty continent.
as far as west "upping ante", i don't know. the west has always had it UPPED: slavery, genocide, stealing every gem from every country, design diseases, etc... the West assault of Africa has been relentless and evil as ever.
but Africa is HUGE and Freeworld's forces strong and so despite the perpetual savage assault the west controls none of the major resource hubs in Africa today. and knowing the cretinism of the west, they don't know what to make of it, so they created some special war department in Pentagon for Africa to try to figure out what went wrong.
that's very much like Obama's 17K troops hurriedly sent to Afghanistan. seems like upping ante at the moment but very quickly it's clear that it's pointless. it's very USA.
USA talks big, then storm comes, and they're waist deep in mud ladling sand into bags trying to save their trailer from floating away.
this reminds me: Pfizer murdered Nigerian kids a few years back, some of the execs got arraigned in Nigeria. for pete's sake, if anyone's reading this, don't buy Pfizer.
to 16:42
things are going to get funny now that USA needs Iran's aid in Iraq and Afghanistan. watch Obama get a good whiplash caught twixt tel aviv and tehran now.
to 17:04
well spotted. the bias is everywhere. there was a AP (west news) on Martinique. the headline said Martinique back to negotiations. the fact that cops were shot and molotov cocktails were thrown on their heads was buried in the last paragraph and that was the news but they retagged it to Back to negotiations.
the west lying is so amazing now. in a way, they're lying so much now that the opposite is the truth.
to 17:18
germany, just added a few news bits that i just saw.
to 19:26
right, Chavez talks at my level. to get Putin, i have to read for years and connect many dots. but then Chavez sums it up for the simpletons like me.
Thank you. Many things are much clearer now, better focused. Looking forward to the Africa article.
Among the way people themselves as opposed to governments are finding ways to counter Israel you seemed to have overlooked the 24-day trip the British convoy Viva Palestina, led by George Galloway, made through various hostile environments finally to reach Gaza triumphantly. A rare occurrence and worthy of mention perhaps.
22:21, you're welcome
23:47
not intentionally! really! Galloway is a man i respect. i wish, just wish, he would have ceased his momentum a while back when he so masterfully told off the yank inquisition board and become the leader he could have been, but... he's still great for fighting the bias, NWO war disease as he does.
i saw his Palestinian trip but honestly meant no harm or censorship by not including the news.
i've also omitted C McKinney, a woman i respect even more than George. again, not intentionally. i'll try to include some big names news in the future. these people are certainly worthy!
check out the videoblog link, there's a vid with C McKinney questioning Rumsfeld and USA gen'l Meyers. she nails them both: Meyers admits to USA sending its defences off to Canada on the morning of 911 and Rumsfeld admits to USA trafficking sex slaves. it's unreal.
i respect her for the letter explaining her leaving the USA pretense bipartisan political zoo of war dogs.
and i haven't included Brian Haw, the only true knight of the Brit realm. again, no intent!
and many many other great folks like Jim Fetzer... would you perhaps want to help me? let's make a list of great West people then? i'm all for that.
maybe the guy that runs videolog, article19 vids, could stick in some of G Galloway's greatest hits as he combats the Jagger-lipped vacuous bimbos of SkyNews.
add'l 23:47
i meant the other 'ceased': seized , of course! apologies.
Hey, take a look at this, another man who doesn't mince his words.
Ahmadinejad: World economic system ‘unfair’
Posted by inthesenewtimes on March 11, 2009
Iranian President Mahmoud Ahmadinejad says the world monetary system serves the interests of global economic powers in an “unfair” way.
“The international economic order is unfair, inefficient and harmful to many countries,” Ahmadinejad said as he delivered a speech at the 10th Economic Cooperation Organization Summit in Tehran on Wednesday.
To back up his claim, the Iranian president cited various examples where “unilateral economic policies” govern the world’s monetary trends.
Ahmadinejad said the current system imposes the US dollar on countries as the currency to be used in global transactions, injects huge financial bubbles into economies, and allows rich countries to give their farmers and producers subsidies that give them an advantage against other market competitors.
He added that the system gives “certain countries” the power to impose unilateral banking and finance regulations on other states “under the pretext of recommendations and regulations of the World Bank and the International Monetary Fund”.
Ahmadinejad also criticized the way that the every country’s economic security rating is determined, saying that the process is based on “unilateral criteria, which are essentially political and hollow”.
“Countries like the US and some of its allies, which are at the center of the world economic crisis, get a high economic security rating while the risks of some countries that are opposed to US policies are exaggerated despite the fact that they have some of the safest economies of the world.”
The two-day event, which focuses on the global economic crisis and trade cooperation among Economic Cooperation Organization (ECO) members, has brought together presidents and other senior officials from Iran, Afghanistan, Azerbaijan, Pakistan, Iraq, Qatar and several Central Asian countries.
Iran, Pakistan and Turkey established the ECO in 1985 as an organization that can promote economic, technical and cultural cooperation among regional states.
This might also be of some interest, the euro getting its comeuppance, at last?
Overvalued euro set to plunge 'within months'
Spread betting companies have reported a huge wave of short euro trades in the last two weeks, leading to speculation that a significant correction in the currency will come in the next few months.
By Garry White (Daily Telegraph)
09 Mar 2009
Investors take out short trades when they expect a currency to fall. In recent days, futures traders in the US have significantly increased their bets that the euro will fall against the dollar. Data released by the Washington-based Commodity Futures Trading Commission on Friday showed that the "net short position" of trades against the euro by hedge funds and speculators almost doubled in the week to March 3 to 19,431 contracts from 10,081 contracts a week earlier.
"Quite a significant correction in the euro is coming in the next few months. The European Central Bank (ECB) is behind the curve in getting to grips with its economic problems," said David Buik of BGC Partners. He added that the eurozone entered recession later than other economies, but policy-makers had been too slow to act, putting the currency at risk.
Crisis deepens in Japan and China as Asian exports plungeThe global recession means that the euro is facing its strongest test since its launch a decade ago as the less productive countries such as Spain, Greece and Italy have failed to match the efficiency of some of Europe's faster growing economies.
Last week the ECB cut interest rates to a record low of 1.5pc and further rate cuts are expected. The ECB now expects that the eurozone economy will contract between 2.2pc – 3.2pc this year, after previously forecasting a fall of zero – 1pc.
The pound closed at €1.11 on Friday. The UK has reduced interest rates to 0.5pc to combat the severe slowdown and rates in the US are zero-0.25pc. China, Australia and Japan have also made cuts as they try to prop up their faltering economies.
Quite enthusiastic about your idea to set up a list of people we owe respect and gratitude to. One of my candidates for it would be Mordechai Vanunu. Also - you might hate this, but I think they've deserved it - Norman Finkelstein, Jimmy Carter and the latest to date Charles Freeman. Other names we might have tacked on are of persons now dead and gone, assassinated, so we'll let them rest in peace. So what have we now? My four plus C. McKinney, G. Galloway, Brian Haw and Jim Fetzer. How's that for a start? Expand as we go along.
In any list of great people, always leave a place for the unknown hero, perhaps the one who has done the most to save the world.
It would also be fabulous to keep track of the most corrupt men/women in the world. A suggestion for number one spot: the old fox Cheney Dick, followed by the smite-'em- mercilessly triad composed of Olmert, Livni, Barack. The Gaza massacre has left an indelible mark in the collective memory. More corrupt than that you'd have to do overtime to name.
The sell-by date of the US elapsed sometime back. Yet witless consumers keep feeding on the product. Food poisoning soon.
Re Galloway,
As much as I respect him as a distinguished activist and brave face in front of the ziocongress (as opposed to our impotent wimp blogging) you should have see his fury against callers on his PressTV (Iran) show denying that 911 was an inside job. I will respect him more if he shows up after gaza and says, 911 was a job carried out by the Bush Cabal.
informatron
8:11 & 10:01
list of people: yeah, i thought about doing a sort of a personal no-fly list. they have them, why not us? and list all the deviants including the BBC, CNN mindrape bastards for lying. but i quickly realised it'd be as long as their no-fly list, which exceeds some 1M names now. :) after you fill a page with name, it's pretty silly. it's easier to go back and just say CNN & BBC and so you don't forget local little war bitches who make a living of lying for the war junta, it's easiest to just say West mindrape media and be done with it. but yes, some of the West propagandists and verbal terrorist deserve their special list like... who's that guy? Robertson, is it? some USA christian TV hero who called for the killing of Hugo Chavez. threatening violence is a felony, but not when a yank christianic TV fiend does it. so... i'm all for the name lists, it's just that it gets out of hand very quickly.
and then you get into the following trouble:
14:56 (informatron)
so Galloway is covert on 911. see that's inexcusable. i didn't know that. how can any thinking person believe the melting steel structure and vapourising planes nonsense? clearly, Galloway knows his limits. i felt he could have done far more with his once big momentum but obviously his own skin is dear to him and so he protects it at the expense of espousing total 911 bullshit. informatron, if you have the link for the article, please let me know. there goes another possible West hero then.
So, once again why is covert or overt on 911 that important now? Are we Stalinists quibbling over points of Marxist doctrine? That way lies sheer hell. 911 today has become totally irrelevant. Let's fight with the weapons suited to the new form of warfare. And not eliminate the few potential allies we have among the establishment. Galloway is a hero, albeit a flawed one, for what he did for Gaza. Lest we forget, lest we forget.
Any thoughts on below? Shit or solid?
China’s Wen ‘Worried’ on Safety of Treasuries, Seeks Assurances
By Belinda Cao and Judy Chen
March 13 (Bloomberg) — China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao said.
“We have lent a huge amount of money to the United States,” Wen said at a press briefing in Beijing today after the annual meeting of the legislature. “I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”
U.S. President Barack Obama is relying on China to sustain buying of Treasuries as his administration sells record amounts of debt to fund a $787 billion economic-stimulus package. Chinese investors have lost money on the securities so far this year, after increasing their holdings 46 percent to $696 billion in 2008, according to Treasury Department data.
“China’s purchases of American debt have been one of the few bolts keeping the wheels on the global economy,” said Phil Deans, a professor of international affairs at Temple University in Tokyo. “If China stops buying where does Obama’s borrowing to fund his stimulus come from?”
Treasuries declined, causing the yield on the 10-year U.S. Treasury note to rise three basis points to 2.89 percent at 2 p.m. in Hong Kong, according to BGCantor Market Data. The securities handed investors a loss of 2.7 percent in yuan terms this year, according to Merrill Lynch & Co.’s U.S. Treasury Master index. The dollar has dropped 17 percent against the yuan since China ended a fixed-exchange rate in July 2005. It was little changed at 6.8380 yuan and $1.29 per euro today.
“Of course we are concerned about the safety of our assets,” said Wen. “To be honest, I am a little bit worried.”
Stable Yuan
China should seek to “fend off risks” as it diversifies its $1.95 trillion in foreign-exchange reserves and will safeguard its own interests, Wen said. Yu Yongding, a former adviser to the central bank, said in an interview on Feb. 10 that the nation should seek guarantees that its Treasury holdings won’t be eroded by “reckless policies.”
Wen’s comments come as U.S. Treasury Secretary Timothy Geithner prepares to defend his spending plans at the Group of 20 meeting near London this weekend. French Finance Minister Christine Lagarde and Germany’s Peer Steinbrueck of Germany want the summit to focus on improving regulation of the finance industry.
“China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. “If the U.S. can make sure this won’t happen, then China will continue to invest.”
Independent Policy
U.S. Secretary of State Hillary Clinton urged China, while visiting officials in Beijing on Feb. 22, to continue buying U.S. debt, which she called a “safe investment.” She didn’t press China on its foreign-exchange policy, backing away from January comments by Geithner that the Chinese government manipulates its currency to boost exports.
China will maintain its policy of seeking a stable yuan, even as gains against the euro and Asian currencies hurt the nation’s exporters, Premier Wen said.
While the yuan has weakened 0.2 percent against the dollar this year, there has been a “drastic depreciation” in the euro and Asian currencies that has put a lot of pressure on Chinese exporters, Wen said. The currency has gained 8.6 percent against the euro this year and 6 percent against the Philippine peso.
“Our goal is to maintain a basically stable yuan at a balanced and reasonable level,” Wen said on the final day of the meeting of the National People’s Congress. “At the end of the day, it is our own decision and any other countries can’t press us to depreciate or appreciate our currency.”
Stimulus Plans
Collapsing exports have dragged the economy to its weakest growth in seven years and eliminated the jobs of millions of migrant workers. Wen reaffirmed China’s target of an 8 percent expansion in 2009 as economies from the U.S. to Japan contract, saying the goal was “difficult but possible” to achieve.
China can add “at any time” to 4 trillion yuan ($585 billion) of stimulus measures to revive the world’s third- biggest economy, Wen said. Gross domestic product expanded 6.8 percent in the fourth quarter, compared with 9 percent for all of last year and 13 percent for 2007.
“We have reserved adequate ammunition,” Wen said, adding that the fiscal deficit is under control and the debt level still safe. “At any time, we can introduce new stimulus.”
The Shanghai Composite Index of stocks climbed 0.7 percent, taking its gain this year to 17 percent.
Investment Options
Delegates of China’s legislative advisory body suggested that the government diversify away from Treasuries into more risky assets. Jesse Wang, executive vice president of China Investment Corp., said on March 4 that the nation’s $200 billion sovereign wealth fund may invest in “undervalued” commodity assets. Zhang Guobao, head of the National Energy Administration, said China should invest more in commodities instead of hoarding the dollar, the official Xinhua News Agency reported on March 7.
The Reuters/Jefferies CRB Index that tracks 19 commodities dropped 55 percent from a record high of 473.97 reached in July. Oil prices fell 68 percent from July’s all-time peak of $147.27 a barrel.
China’s loss of more than $5 billion from investing $10.5 billion of its reserves in New York-based Blackstone Group LP, Morgan Stanley and TPG Inc. since mid-2007 increased its demand for the relative safety of Treasuries last year. The holdings would suffer further losses should it trigger a collapse in U.S. debt.
“China won’t sell the U.S. debt now as that will only drive down treasury prices, hurting not only the U.S. but also the value of its own investments,” said Shen Jianguang, a Hong Kong-based economist at China International Capital Corp., an investment bank partly owned by Morgan Stanley.
Enlightenment as to Bangladesh, another Muslim country up for grabs. Or so they feel, the ziowest and their allies. Again Islamic terrorism talk, as though it wasn't the biggest of oxymorons. Change the adjective and then maybe we're in business. And, then there's Pakistan,too, the people's uprising, undaunted, taking to the streets in spite of every form of Holbrooke intimidation. That's a revolution in the making. As for the ziowest, forget the "populace", worshippers at the shopping malls and so complicit in the crimes of the governing few, they'd all be hauled up to face a court of law, if any form of justice still existed. But there's no such thing remaining. Along with all the rest, even this has been taken away. Now all we retain in our hands is the killing of babies.
Stampede to sell government bonds
By David Oakley and Chris Giles, Financial Times, 11 Mar 2009
When investors are "stampeding" away from your debt as if it was the plague, it is NEVER a good thing. Watch how this article tries to put a positive on this terrible development
Investors flocked to sell government bonds to the Bank of England as it launched an unprecedented program to expand the money supply and breathe new suck the life into out of the economy. No nation has EVER reach prosperity through the printing press. Hyperinflation will make life worse, not better.
The Bank was overwhelmed with offers to sell the bonds by some of the country's biggest investment groups in an early sign of success over its historic quantitative easing move.
quantitative easing = money printing
John Wraith, head of sterling rates product development at RBC Capital Markets, said: "So far, so good. The UK bond market has really moved as a result of the Bank's quantitative easing plan. We have seen yields fall by 50 basis points half a percentage point since the announcement last Thursday."
The Bank was pleased with the result of the so-called reverse auction, in which investors sell their bonds rather than buy them from the authorities. It augurs well for the rest of the program, in which the Bank aims to buy up to £75bn in gilts over the next three months.
It was inundated with £10.5bn of offers to sell gilts – five times more than its £2bn target, quashing initial worries from some City analysts that investors might fail to show up. The UK is essentially giving away free money. Who exactly are these people who were worried no one would show up?
The Bank also paid close to the market price for the six bonds, which had maturities ranging from five to nine years, it had offered to buy. There had been worries that it might be forced to pay above market rates as investors demanded a big premium to sell their bonds.
There is no "good" price for a nation that is monetizing its debt.
The quantitative easing initiative may put pressure on the European Central Bank, assuming the program continues to attract investors, to follow suit, as UK bond yields, which have an inverse relationship with prices, have fallen so sharply.
UK bond yields are now trading at the same level as German Bunds, historically the lowest in Europe because of the strength of Germany's economy and the depth of its bond market. Yes, isn't that great? Of course, Germany ISN'T MONETIZING ITS DEBT.
Benchmark 10-year UK bonds closed at 3.08 per cent on Wednesday, compared with 3.07 per cent for 10-year Bunds. Gilts typically trade about half a percentage point, or 50 basis points, higher than Bunds.
The US Federal Reserve will be watching the Bank's moves closely. The US has embarked on quantitative easing but by buying corporate assets rather than its own government bonds. However, the Bank's announcement has had a much quicker and more dramatic impact on yields than the Federal Reserve's move.
The gap between gilt yields and US treasuries has also narrowed. US 10-year bond yields settled around 3.03 per cent at the close of London trading.
The fall in bond yields should act as a big stimulus as it is likely to bring down corporate borrowing costs, which track the so-called risk-free rate of government securities. Swap rates, from which many fixed-rate securities are calculated, have been brought lower by the fall in gilt yields. Swap rates are the cost of switching to a fixed from floating rate and are used by many lenders to set fixed-rate mortgages.
Sterling fell to a six-week low against the euro, although this was primarily due to continuing worries about the banking system Don't think it had anything to do with the UK running the printing press do you? Of course you don't.. It cost 93 pence for €1 at one point on Wednesday.
My reaction: The pound and the dollar are dead. I urge anyone who owns dollars or pounds to buy physical gold, euros, Swiss francs, or anything else for that matter. The dollar and the pound are about to become the two worst performing asset classes on the planet.
If you haven't already, I read about The Nightmare German Inflation. In offers grim preview of what awaits the UK and US.
This is an extract from a 1970 report on Weimar Germany's hyperinflation. I advise you to read the full version.
Inflation seemed to bring prosperity. In 1921, when the rest of the world was in a severe post-war recession, production indices in Germany rose sharply. Late in 1921 the mark stabilized temporarily, and business promptly weakened. By early 1922 the mark was sliding again, and business immediately revived. People were buying goods as fast as they obtained money; companies rushed to expand plants and turn money into fixed investment. Germany was actually envied for its "prosperity" by many foreigners. The US/UK has been enjoying the same "prosperity"
The mechanism of inflation was simple. The government issued paper promises to pay, and the Reichsbank issued money on the security of these promises. UK sells bonds, and the Bank of England buys them with printed cash. Simple no? Today this process is called quantitative easing. When a government spends more than its income, it must borrow. If it merely borrows money from its citizens by selling them bonds, there need be no inflation. Instead of that money being spent or invested by the citizen, it is borrowed and spent by the government, but the total amount of money is not increased.
When the government needs more money than its people are able or willing to lend it, it monetizes the debt. This is the quantitative That is what happens in this country when the government runs a big deficit. The Federal Reserve (our central bank) "buys" as many bonds as necessary to stabilize the market. It prints money on the security of these bonds. Despite the facade of the government supposedly "borrowing," the net result is the creation of printing press money. (Actually these days the money is created in the form of new bank deposits--checkbook money--but the net result is exactly the same as if bills were printed.)
This is what happened in Germany. The government issued notes which were promptly discounted by the Reichsbank, i.e., the bank issued money on the "security" of these worthless notes. To compound the evil, the bank failed to raise its interest rate sufficiently. Businessmen found it very profitable to borrow money from the bank and buy up goods, shares and companies. Their debt was wiped out within weeks by the rapid inflation, and the businessman remained holding the valuable assets he had bought. The net result was a huge "private inflation" caused by the rapid expansion of credit. Even foreign exchange was bought with borrowed money, so that the Reichsbank actually financed speculation against its own currency. Yet the bank refused to raise interest rates, arguing that this would only add to the cost of business and thus would increase inflation!
The tax system virtually broke down. Businessmen found that by merely delaying tax payments, the depreciation in the mark would virtually eliminate their true value. But the government, lacking adequate income, felt forced to resort more and more to creating money. By October 1923, 1% of government income came from taxes and 99% from the creation of new money.
But the main force which gave inflation its momentum was the steady decrease in the true value of money in circulation. This has been observed in all past rapid inflations and it is vital to understand it if inflation is to be coped with. During the war, as we saw, the price inflation lagged behind the rate at which money was issued. But now, as people lost confidence, prices began jumping much faster than the government could generate new money. Thus the total circulating currency fell drastically when measured in terms of its true value. One economist stated that, "In proportion to the need, less money circulates in Germany now than before the war. This statement may cause surprise but it is correct. The circulation is now 15-20 times that of pre-war days, whilst prices have risen 40-50 times." In fact, the total currency when calculated in gold value fell from 7428 million marks in January 1920 to a mere 168 million by July 1923.
Despite the proliferating billions of trillions of marks, the average citizen found it harder and harder to get enough money for necessities. Banks, short of money, could not honor checks. Businessmen were strapped for money to buy materials and meet payrolls. like what is happening today due to credit crisis! The government faced the same problem. It appeared that there was not too much money around, but rather much too little. The clamor for more money grew on all sides. like today's bailouts! It seemed that any halt to the printing presses would bring business to a standstill and throw millions of workers out on the street. like fears of big three bankruptcy! The government itself would be unable to carry on. Riding a tiger, it dared not dismount. On October 25, 1923, the Reichsbank noted that it had that day printed 120,000 trillion marks. Unfortunately, the day's demand had been for one million trillion. However, it announced that it was expanding production and the daily issue would soon be 500,000 trillion! KEY POINT: before one of the greatest period of hyperinflation in history, the money supply appeared to be contracting (deflation).
Once people lose confidence in a currency, they try to get rid of it. As Lord Keynes pointed out, this makes circulation speed up enormously, and hence prices rise faster than the government can print new money. Marshall, studying this process, concluded that, "The total value of an ' inconvertible paper currency cannot be increased by increasing its quantity; any increase in quantity which seems likely to be repeated will lower the value of each unit more than in proportion to the increase."
Customarily, however, governments blame everyone and everything except themselves for inflation. When inflation lags behind issue of money, as it did in the war, they say that this shows that the issue of money is not dangerously high. Later, when confidence vanishes, and prices soar ahead of currency issues, that again is taken to prove that the government is not to blame--it is only reluctantly issuing money that is desperately needed in view of rising prices.
We will conclude this discussion with a quotation from Dr. Milton Friedman's book, Dollars and Deficits. Friedman notes that after the Russian revolution, the Bolsheviks introduced a new currency. They printed huge amounts of it and soon it became almost worthless. At the same time some of the older Czarist currency still circulated and maintained its value in terms of goods. It appreciated enormously in terms of the new money. Why? This money was not redeemable. Nobody expected the Czarist government to return. Why did this currency hold up? "Because," says Friedman, "there was nobody to print any more of it."
Comments by Eric deCarbonnel
http://www.marketskeptics.com/2009/03/britain-monetizes-its-national-debt.html
I thought President Ahmedinejad's short description of the world financial system splendid. He used all the arguments that mattered. Though he didn't say so, it is obvious that to get out of the present trap of global finance we must begin to conceptualise and put into practice a non-fiat money barter system. Remove the very notion of reserve currency.
What do you make of this, any chance of success?
Obama to reform NATO to replace UN as defective organization
Front page / World / Americas
13.03.2009 Source: Pravda.Ru
The USA will set forth a concept to reform NATO during the upcoming summit of the alliance. In accordance with the concept, the alliance will be expanded with the help of the countries of not only the Euro-Atlantic region, but of Asia too, for instance, Australia, Japan and South Korea. The renewed alliance may even replace the United Nations, The Kommersant newspaper wrote.
Ivo Daalder, one of the most renowned US experts on the alliance, was appointed the new US Ambassador to NATO Thursday. Daalder is an old-time champion of the revolutionary idea to create a league of democracies. The concept was originally suggested by Senator John McCain. The theory stipulates the creation of a new international organization that will virtually replace the United Nations.
McCain and Daalder, as well as their associates said on many occasions that the United Nations was a defective organization, because the political regimes of many of its members were based on dictatorship. Therefore, they believe, the organization is incapable of handing its mission to prevent wars and conflicts in the world. A club of democratic states must be created instead the UN to deal with the solution of international issues. It was Ivo Daalder, who said that NATO must become such an organization.
Daalder offered to discuss the issue in 2006 at the NATO summit in Riga, Latvia. He acknowledged, though, that it would take time for a new set of world leaders to implement the initiative. The previous leaders, such as George Bush, Tony Blair and Jacques Chirac, were not ready for such a reform, Daalder believed.
The official added that the United States was forced to use military force abroad. The USA used military force in foreign countries eight times from 1989 to 2001. The Republican Party initiated the interventions four times; the Democratic Party did the same, Daalder said.
The US-led wars in Iraq and Afghanistan showed that military operations abroad must not be conducted without the international approval. The UN Security Council could not be a regulator for the foreign intervention: the council neither prevented nor solved any crisis of the recent decade – Rwanda, Kosovo, Darfur, Iraq and North Korea. Ivo Daalder believes that it became possible due to the opposition between non-democratic countries represented at the Security Council, particularly Russia and China.
Daalder believes that NATO and its global democratic partners must be involved in the decision-making process regarding the use of force in foreign countries.
The NATO summit will take place on April 2 in France and Germany. Ivo Daalder and the new US administration will have a chance to unveil the new NATO expansion concept at the summit. It will be a ‘family event’ in which only NATO members will participate.
George Galloway takes questions from 9-11 truthers on his weekly show, Comment, broadcast on PressTV [13mins]
http://www.indybay.org/newsitems/2009/02/15/18570918.php
informatron
18:56 informatron
thanks for the Galloway link. amazing! the guy's INSANE. if any of you care to read on G Monbiot (Galloway's favourite writer) here's the link: http://www.guardian.co.uk/commentisfree/2007/feb/06/comment.film
If you're objective, you'll note that Monbiot's neither commands English language in any starlight way as Galloway boasted nor does he even attempt to counter any of the thousands of pieces of evidence on 911 pointing to West-wide conspiracy in the terror attack.
So conclusion is that Galloway is no more. He's no more than a little lip-service whore of the West butchers. Whether he decided himself to tone down his stand and toe the West war line or whether he's got a gun pointing to his head is of no importance. The result's the same: Galloway is another West charlatan. And it's very possible the West keep a few comedians like him and Ron Paul (USA) to sort of let off some of the steam building in the prolapsing West.
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to 8:11 (why is 911 important)
911 is INCREDIBLY important because it's the cleanest, non politically muddied crime. It makes the entire West world, not just Bush immediate cabal complicit the in the biggest terrorist attack on the planet to date. Every single USA and West institution including traitors like Galloway complicit.
The importance is that it's very easy to solve. Bush's own vid shows a missile/drone, NOT B757. WMDs are muddy. Iraq war is muddy. Even torture has been muddied by the destruction of material and proof. But 911 is clear, obvious, and it proves that the entire West world is disease beyond words.
That doesn't mean we don't talk about the ongoing crimes of the West in Gaza, Iraq, Cuba, Colombia, Darfur, Somalia, Afghanistan, Kosovo, etc...
But 911 pins the entire West down and very simply without any possibility for some side-political agenda or some cretinous religious spin.
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to 8:18 (China dumping USA tbills)
S Jiaguang says that China needs USA and can't dump tbills cuz it would devalue its own investment in USA. Well, he would say that cuz he works for MorganStanley.
This is precisely that old USA mantra: China needs USA. The truth is China doesn't and could dump it all just to burn USA arse and wipe out the dollar in one single market order.
But why would China do that when it's got leverage on USA and just an utterance in Beijing makes USA central bankers jump and USA markets shake like a jellyfish. China got USA realestate and will get more. Perhaps buildings in NYC like OPEC Arbas got last year. Perhaps Alaska for Russia. Perhaps titles to USA dead mfg centres where they'll hire the tens of millions of USA unemployed to slave away for Far East.
China investment in tbills is the biggest China's leverage on the entire West. Beijing would be foolish to dump it and lose it. Instead they can use it to get the entire whole USA very soon.
--------------------------------
to 17:49 (NATO expansion)
This is rich. West complains that UN didn't stop their crimes but nicely leave out Gaza, Iraq, Afghanistan, 911, WMDs.
UN is a castrate organisation. It's just a USA bitch and has been made impotent by the Freeworld membership.
West simply seeks to fight on and need another regrouping roping in S Korea and Japan, parts of the West.
It's just a reorg out desperation. West does that. When a firm is in trouble in the West, it reorganises, renames departments, and invents new acronyms. At the end of the day, the problems still persist.
Even if EU makes 60K troop army and USA bipasses UN (which it does anyway) it solves nothing for the West. The problem still remains: West is broke, has no export, nothing to offer except war and genocide, and dollar is dead without it being a monopoly. Reorg in USA/UK child murdering forces solves absolutely nothing.
add'l: sorry to all, i write like a moron leaving out words, etc. it's cause i'm still thinking about Galloway and his 911 stand. if they got to Galloway, then imagine the degree of bloody purges behind the scenes to stave off and castrate all opposition.
if Galloway is willing to lie on 911 then there's no telling when he's reading a NWO script or pretending to be in opposition.
well, there's another one down for the West.
What would we do without you? Thanks, poiuytr, once again you cleared up a lot of things which made the heart beat that bit faster. The West must go down, must not win this one, otherwise we're all done for. It's desperately important for humanity that victory in this particular battle is theirs and not the NWO's. Perhaps the urgency and importance explain blogs such as yours, one of the best I've seen in recent times. Shock and awe the damned west into submission and never ever put your trust in any of them.
Monbiot is an ass and The Guardian no more than a tabloid paper giving itself airs. If Galloway gets his information from them, no wonder the poor man is misguided. Still, his Viva Palestina convoy was a masterly stroke, as was his pocketing a Palestinian passport. Perhaps we should all aim at becoming honorary citizens of Palestine, the most hellish place on earth ziowesterners could have ever devised. They were bad enough as westerners alone, but with the zio tacked on, they've been stripped of any humanity they might once have had.
Anti-Zionist Party Launched in France
March 13, 2009
In an attempt to rid it's country from the control of Zionist Lobby Groups and organizations, France has launched it's new Anti Zionist Political Party called "Parti Anti Sioniste." Below are the parties goals taken from a translated page:
EFFORTS AND AMBITIONS OF ANTI Zionist PARTY IN FRANCE
To eliminate the Zionist interference in the affairs of the Nation.
Denounce all the politicians who are advocating Zionism.
Eliminating all forms of Zionism in the nation.
Prevent companies and institutions to contribute to the war effort of a foreign nation that does not respect international law.
Unleashing our state, our government and our institutions of the grip and the pressure of Zionist organizations.
Unleashing the media for a plurality of information to promote freedom of expression.
Promote the free expression of the politics, culture, philosophy and religion and free of Zionism.
Restoring power in France and the French under the new geopolitical and economic rules on the big issues that engage the responsibility of the Nation.
Do not engage France in the wars of colonization and repatriate our armed forces stationed in Africa, Afghanistan and around the world.
Requiring a referendum for any new commitment of France abroad.
Establish a bill to ban dual nationality to participate in war without explicit mandate of the Nation.
Prohibit any militia whatever their faith.
Establish a national dialogue to raise awareness and a society that excludes any advocacy of Zionism.
Set the mode of voting by proportional representation so that all segments of society are represented.
Advocate for the establishment of a society of justice, progress and tolerance.
Tip of the hat to: http://irish4palestine.blogspot.com/2009/03/new-anti-zionist-party-launched.html
http://atheonews.blogspot.com/2009/03/new-anti-zionist-party-launched.html
Three cheers for FRANCE!!!!
Now lets make Ron Paul's party do the same for America and elsewhere!
I have one important question for you concerning the US dollar. Why is it that in spite of everything it is still going strong? How to explain its high value relative to other currencies. Grateful in advance for your answer.
King
Stylish site and deadly serious in intent. One reservation, though, the hours-long gap between posting a comment and its publication. In this day and age of instant communication and therefore impatience, it seems like an unnecessary waste of time.
Galloway must be insane. He is not stupid. I was amazed to see the way he talked live about 911 on his Iranian PressTV show. He came accross like a common thug. Someone had the presence of mind to record the show and post it (after insertion of some footage). Still I think most of his followers are 911 savy. I think they will persist.
Pity that this disgusting revelation comes so immediately after his brilliant Viva Palestina convoy (and his historic confrontation with USA Senate over oil for food).
informatron
by the way (off topic) re links:
!=
http://b1ff.org/
8:34
thank you
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9:21 - monbiot/galloway
Galloway's shocking on 911. Absolutely shocking! Galloway's stand is: (1) we ALL say planes hit towers, (2) they were kidnapped, and (3) the families of the victims couldn't be pretending.
This is totally beside the point. No one has ever disputed any of this. Yes, planes were kidnapped, yes, they were flown into buildings, yes 3000 people were burnt to death. So Galloway does exactly what all West media does. This is trademark! He argues what's not contended. And then refers to Monbiot, who in my assessment is a moron.
Monbiot's continues the trademark West argumentation. He laughs at Loose Change for exposing missile hitting Pentagon and so on. It's totally bonkers and listening, reading, or even thinking about what the West mindrapists have to blab is a total waste of time.
But yeah, Galloway Bush cunnilingus removes him from any hero list, much like U2's Bono turned out to be a nice little Bush/Blair lapdog.
How about Cyn McKinney? Anyone has anything questionable on her? She too did a Palestine trip of sorts.
For me, in general, even if Galloway told truth on 911, it's still pretty pointless. It's the collective evil of the West that matters here, not what individuals do. When there's active war within West, then of course, it's individuals and groups and so on, but at the moment, West is united behind its evil leadership and its evil war crimes and there is no opposition either within the West leadership structure nor among the entire West populace.
Typically, when West people moan about Bush, they do it because their wallet is thinner, not because they object to the mass slaughter of someone else's kids. And that kind of moaning, which undoubtedly is getting pretty loud across the West, is not honourable, respectable, heroic but only laughable.
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12:51 (anti-zionist party in France)
Thank you for the article.
------------------------------
14:33 "King" Why is dollar high?
Cuz it's all 100% BS. I know it sounds like a hyperbole and a very evasive answer, but it's true. Everything about the West "civilisation" is 100% BS. History, science, politics, economy, everything pure nonsense.
The West has never had free market. Never ever in their lives has the Western populace been able to set its own price on their own property yet the West populace still today thinks it's free and lives in some democratic free market capitalism. None of that exists. None of it!
There's never been any supply/demand in the West. It's always lived of monopoly. It's always been a perverted system of collectivisation gulaks. Democracy, free market, etc is just drivel like "peace keeping" troops, "not condoning torture", "liberating Iraq", "forging business ties with Africa", "bailout of banks", etc.... All pure laughable garbage.
Specifically, to dollar, US Dollar Index is a relative value of how the extremely rich banker's monopolistic institution see the dollar versus a bag (basket) of other West tender. USD is measured against EUR, GBP (brit pound), JPY (japan yen), CHF (swiss franc), and so on...
USD began to die (maybe I should write an article cuz this is pretty long but fun!) in 2006. Anyway, it dove in 2008 against EUR and then London exchange got taken over by USA (under some terrorist speculation prevention) and London de facto established a peg to dollar. USD began its climb. But note it's climbing against EUR and other West tender.
USA v EUR is nonsense today. It's a peg first of all, and both are hyperinflated beyond measure, all at some 90+% devaluation. Their relative value is immaterial as they're both sinking off the face of the earth. Forex charts on US Dollar are kind of like measuring which rot is more putrid.
Also note that Swiss franc is going belly up thanks to USA/UK plunder of Swiss banks, Japan is broker than a meth skank, and pound looks as strong as Iceland whaling chips, and Eurozone is on the brink of default.
Why isn't there an alternative then? China keeps a loose peg on the dollar so that won't work and it's deliberate and Rouble is being artificially devalued so that won't work. Both are deliberate to keep the West mountains of cash in the West until the day of reckoning. But you can gold shot up as an alternative and now it's settled for a while since gold provides no harbour from collapse either.
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15:02 comments
Thanks for the valid critique. Comments are open now. I don't want to moderate but... if you don't you get spammed by morons. We'll see.... it's open now.
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16:42 "informatron"
I added your link, thanks and yes, Galloway's crazy. What a let down that vid.
King says thanks for reply and yes, an article on the dollar decline would be highly instructive. He also found Informatron's piece on the Iraqi anniversary and the responses to it extremely moving.
20 NATO trucks burn in Pakistan (Press TV)
Sun, 15 Mar 2009 02:49:37 GMT
About 20 vehicles have been destroyed when unknown militants fired several rockets at a NATO supply terminal in northwestern Pakistan.
Local police officials told Press TV correspondent that unknown militants launched several rockets at a terminal in Peshawar in the North-West Frontier Province. They said that the attack started at midnight on Saturday and continued through Sunday.
Fire broke out after the attack and burnt twenty vehicles, which were expected to deliver supplies to NATO forces in Afghanistan.
Meanwhile, Pakistan suspended truck shipments of US military supplies through the famed Khyber Pass after lawyers and political parties launched their anti-government campaign dubbed "Long March" for the restoration of deposed judges.
The suspension of the key supply route came amid tensions between ruling PPP party and the two-time former premier Nawaz Sharif's PML-N over a number of issues which include a court ruling that bars Nawaz and his brother from holding public office, Press TV's Nasir Kazmi reported on Saturday.
Good news!
NATO or better Skankees of Obamistan will have to retreat soon.
Don't want to distract you from your other occupations. But tell us if you have a better idea now when that long-awaited day of reckoning might come. D. Orlov refuses to be drawn out on this subject. Perhaps you might risk a guess if not exactly a prediction?
G-20 pledge sustained action on financial crisis
(AP)
15 March 2009
HORSHAM – Finance officials pledged on saturday to do “whatever is necessary” to fix the global economy, including supervision of freewheeling hedge funds and restoring bank lending by dealing with the shaky securities burdening their finances.
But officials remained cool to a US push for more coordinated government spending to stimulate economies.
They called instead on the International Monetary Fund to assess the individual government actions already taken and what more might be required, rather than laying out definite plans to ramp up spending.
Finance ministers and central bankers from the Group of 20, which accounts for more than 80 percent of the world economy, agreed there was an “urgent need” for a big boost to the lending resources of the International Monetary Fund to help struggling governments in the developing world.
They left the specific amount and who would contribute open, to be taken up at the much-anticipated summit of the group’s national leaders in London on April 2. The job of Saturday’s meeting was to shape the agenda for that gathering, which will be closelyl watched for whether leaders can find common steps to take.
“We’re prepared to take whatever action is necessary to ensure growth is restored and we’re committed to do that for however long it takes to do that,” said British Treasury chief Alistair Darling.
As host of the gathering at a hotel south of London, Britain worked hard to bridge divisions between the United States and Europe on the stimulus issue, and all the key players were keen to present a united front on Saturday.
U.S. Treasury Secretary Timothy Geithner, who had pushed for Europe to match Washington’s $787 billion package of spending and tax cuts, said there was “broad consensus globally on the need to act aggressively to restore growth to the global economy.”
Geithner said he was pleased with progress made at the talks on Friday and Saturday, but noted that the world economic and financial crisis was still playing out. “This is a very challenging period and this is still evolving,” he told reporters.
Darling said that it was for “individual countries to decide what’s right for them.”
“They’ve got to reach a judgement as to how much they do, what effect is it having, which areas of the economy they need to support, whatever’s right for them,” he said.
Germany, which has been the most outspoken critic of the U.S. push for more spending, said that fixing the financial system has to come first.
“It makes no sense to pump more and more money in our economy when we haven’t restored the confidence on the financial market,” said German Finance Minister Peer Steinbrueck.
Officials instead put the focus on restoring frozen bank lending through cash infusions and dealing with the shaky assets souring bank’s balance sheets. The U.S. is working on a plan to do that with public and private money, but details have not yet been announced.
The G-20 statement also agreed to some oversight on hedge funds, largely unregulated investment funds whose financial clout has grown enormously over the past decade. “We agreed that stronger regulation ... was necessary to prevent the build-up of systemic risk,” he said.
The finance ministers said the agreed to make sure that “all systematically important financial institutions, markets and instruments are subject to an appropriate degree of regulation and oversight and that hedge funds or their managers are registered and disclose appropriate information to assess the risks they pose.”
They also agreed to oversight and registration of credit rating agencies, clearer accounting rules for problem assets, and more standards for credit derivatives, another lightly regulated area that has raised fears of large losses.
Steinbrueck said it was now crucial to turn these promises into concrete action so that “every financial market ... should be supervised, regulated or overseen and that includes pools of capital like hedge funds or private equity funds.”
The group also committed to fighting protectionism and pledged to help emerging and developing economies to cope with the loss of international capital flows, an issue that they have raised repeatedly.
The four major emerging economies at the meeting — Brazil, Russia, India and China — had earlier released their own joint communique, calling for a bigger role in the International Monetary Fund. The final summit statement agreed that IMF governance needs to reflect the changed global economy and the growing role of developing countries.
http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2009/March/business_March610.xml§ion=business
What the immediate future holds for us. Dancing about the place, some more nonsensical talk and a lot of hand-shaking and photo ops.
Americas Colossal Catastrophe Is Brewing Just South Of Its Borders
Tuesday, March 10, 2009
America's Next Catastrophe Is Brewing Just South Of Its Borders
As if there were not enough things to worry about for the US, what with a dieing economy, a spend happy neo-Marxist government in power, a stalemated war in Iraq and a loosing war in Afghanistan, here comes one more issue and the one that may create the final perfect storm: Mexico.
http://mat-rodina.blogspot.com/2009/03/americas-next-catastrophy-is-brewing.html
As I predicted, dear readers, Gloomy Predictions, Mexico is in the process of total collapse. The drug war violence has spun out of control so quickly that it is now a civil war and unlike the small time civil war with Mexico's southern Indians the Zapatistas, this one has the potential to topple the state government in very short order. The American Department of Defense has come out with an estimate that the two largest mafia cartels field, between them, over 100,000 foot soldiers. Now, these are not just gang bangers and lowlifes, alright they are lowlifes, but many are former Mexican army and some even US trained special forces. To make maters worse, they are armed with heavy weapons, everything short of tanks and fighter planes. Regular large scale gun battles, involving grenades and RPGs are a common, almost daily occurrence in Mexico.
Last year, death tolls doubled to over 7 thousand killed in these battles and various murders and retaliations. This year is on par to double again, as the cartels (mafias), military and various other groups, battle it out. Add to this the recent addition of vigilantes attacking in the night, often tied to quieter, smaller cartels and you are living in absolute chaos. The death rate, last year, was higher than that of Afghanistan and Iraq put together. Further, the favorite forms of murder, are extremely brutal. Beheadings are the norm. This must hail back to the old Aztec customs.
Another favorite is to hang a tire around the victim's neck, douse it in gasoline and set it on fire. Amputations, mass murders, rapes, massacres of whole families and dissolving the living and screaming victims in acid are all the new norm of Mexico. So could this get worse? Well, it is. The two main cartels, who between them have over 100,000 soldiers, are forming an alliance.
Is the US government worried about this?
Yes, but not enough. Besides this report, only the voices of governor Perry of Texas and the sheriff of Phoenix, Arizona, have come out loud enough to catch regional attention. The nation as a whole, remains blind and dumb to reality. Pictures of ostriches now come to mind.
Perry, in his frustration with his masters in DC, has called on 1,000 state guard (a form of militia) to take to the border, to protect a border that his police and the federal border patrol are not capable of dealing with. Drugs and guns flow both ways.
Phoenix, Arizona has the new distinct "honor" of being the 2nd kidnapping capital of the world, second only to Mexico and the victim of the same gangs. As a matter of fact, the US FBI (Federal Bureau of Investigations) in 2007, admitted that gangs in America numbered over 100,000 strong. Thus one can easily believe that there are at least, in reality, 150 to 200,000 gang members and almost half have direct ties to Mexico. Can the US army deal with this? Hardly, not in its present stretched out form, all over the world.
But there is worse to come.
By summer of this year, Mexico will enter a full blown war with large scale gun battles in most of the cities. Most civil wars push out refugees. If even 10% of the 110 million living in Mexico, start running north, that will collapse the governments of the American border states, already bankrupt from the Bank Panic of 2008 and the Economic Collapse of 2009. Most civil wars actually push out closer to 30-40% of a population, thus anywhere between 30-50 million people could head north.
But it gets even worse. A large chunk of the former US industry is located in northern Mexico, already in the war zone. US companies suffering in the present economic climate, will further sink or collapse with the loss of these facilities and their closing will force even more economic and war refugees north. A large percentage of the US fruits and vegetables also come from Mexico, as does US oil. It is not difficult to imagine that small groups of Mexican bandits could easily take to the water in speed boats and begin raid the various oil platforms, freighters and cruise ships sailing in the Gulf of Mexico and the southern Caribbean Seas. Somalia has already proven how effective this is.
All of this would require a large amount resources that the US no longer has to spare and will push the Americans into a grave political crisis.
Stay tooned, dear readers, this is starting to get ugly.
Although Mexico has its drug war problems...I'm afraid it's really FAR from collapse or even 'total collapse' as these drug wars are confined to certain Mexican cities and not the entire country.
The North Am Union launched in March 2005 under the name of the Security and Prosperity Partnership of North America (SPP)is busy promoting China Opium Wars in Mexico. The pact itself has been described by one journalist as "a military-backed coup d'état against the sovereignty of three nations." US Troops still surviving in Iraq have begun being pulled back for deployment along the southern border. The SPP also signals the end of the US as we have known so far. Great day.
10:24 on Mexico:
USA has some ~30M illegal immigrants. Say 17M% are Mexicans. Add another 10M of recent Mexican legals and you have near 30M Mexican nationals in USA today. A thought occurs seeing USA run troops and weapons to Mexico.
Could say 1% of the 30M be mobilised against USA within USA if USA prods Mexico hard enough?
Dismantling USA via an artificially provoked war would save the NWO fiends from (a) econ theft, (b) national bankruptcy, (c) forced break up, and (d) all prosecutions as they could blame Mexicans for the end of USA.
Also, all creditors incl China and Russia would be held at bay by the war inside of USA forced to wait what's left. Their claims would be diminished accordingly.
And finally, nice agreement could be reached to physically split USA up and all this while the NWO war West junta "saves" face and perhaps even remain in power throughout.
But of course this is just crap cuz no plans ever go as planned. None! I give you Afghanistan, actually Pakistan now, Iraq, Lebanon, Nigeria, Somalia, Sudan, etc. Not even 911 went as planned and they had ideal conditions for the crime.
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9:51
I don't know. :) No date in mind. It's not gonna be a single day when the USA topples and the West says: hey we're done. It's a slice method. It's already underway.
If you were among the millions that have lost their job in the West and were moving to a tent shanty town, you'd feel the day of reckoning has already happened. For those in the West still eating for dinner the BBC barfs, they have no clue their nations are run.
But I think that the Mayans got it wrong. As far as the West's concerned they could have stopped chiseling the rock in 2009.
This is a big debate and one we should have, certainly. What are the NWO plans?
Thank you for making the comemnts section available straightaway. I hope it will encourage others to come on the site and give their views. Each according to his own level of capability. This work of self-expression is important. Good luck for the future of this interesting blog.
King
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